I sort of disagree - I think the collective wisdom of a people is latent and needs only be discovered. It may contain inconsistencies which require professionals to help with, but the problem with your way is that people can seek power for its own sake. I think it's been shown that "desirable" is extremely fungible. Sometimes "desirable" becomes "regrettable", later on.

I thank you for those definitions, though - that's some cogitatin' for me to be done there. They're kind of value-free definitions. Can't tell if that is bad or good.